Nature of document: Public document: Only for the members: Requirement: Memorandum of association is required at the time of incorporation of the company. The article of association is the document that contains the rules and regulations of the company. PRIVATE COMPANY LIMITED BY SHARES . The articles of association which form the contract between the company and the shareholders are a contract of special nature. Companies limited by shares incorporated before 1 October 2009 may have chosen to adopt standard articles as prescribed by Table A. Answer: Under the general transitional provisions (section 619(3)) existing companies may contract out from its Memorandum and Articles of Association by passing a resolution to that effect. contract out from its Memorandum and Articles of Association? Modification Alteration of Articles of Association: The articles of association can be altered by passing a special resolution. They create a contract between the company and each of its members in their capacity as members. Articles of association is a secondary document (primary document – memorandum) containing the laws regarding internal management of the company. ARTICLES OF ASSOCIATION . They present many particularities that distinguish it clearly from mainstream contracts such as the contracts signed by employees and creditors. 6. If a company is incorporated without a constitution, how is the Article of association is not required for the process of incorporation. (a) The change should not be violating the provisions of the Companies Act. The latter are covered by employment law and The Articles of Association of the Company . Meaning of Articles of Association. 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2020 the articles of association are a contract of special nature